Freight News

FTZ 8 Alternative Site Framework Doubles in Size

[ November 18, 2015   //   ]

The Toledo-Lucas County Port Authority, which has been the grantee of the Foreign Trade Zone 8 since 1971, has recently been approved for the reorganization and expansion of the Zone under the Alternative Site Framework to serve Erie, Fulton, Ottawa, Paulding and Williams Counties. The addition of these counties now doubles the size of the current framework, which includes Sandusky, Henry, Wood, Lucas and Defiance Counties.
“The expansion of the Foreign Trade Zone Framework into Erie, Fulton, Ottawa, Paulding and Williams Counties provides economic development professionals in each of these counties with another tool for attracting and retaining companies that import materials for manufacturing and distribution,” said Paul Toth, President and CEO of the Toledo-Lucas County Port Authority. “The Foreign Trade Zone Program is a natural fit with our logistical advantages and strengthens the entire northwest Ohio region as we compete for new opportunities and developments.”
Companies within these counties that have a need for Foreign Trade Zone status will no longer have to wait for the traditional process of request, review and approval of a subzone, and will now enjoy an almost immediate extension of the Foreign Trade Zone benefits.